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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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: s1 v$ l& ^9 K% Q2 mBelow is an Interesting article I found, which says that.....Do not 9 q: ^# B- W0 x5 u
expect much from Crude Oil producers and future is not with the ! G. D! L: P& W, e6 E2 K
companies producing Jet fuels but Biofuels. Also no wonder if some of
9 |; I2 v# h5 i( a2 ^4 S+ Nthese oil producer will go bankrupt or out of the business even if
/ ~1 E# @! j5 ^3 B+ B1 ~! V" acrude prices improves. This implies also to good names such as Shell,
0 A3 r0 W) E! P7 G& h4 x" r- {EXXON, BG, BP, Cheveron ....xyz.. oils 3 _1 g1 Q" z- e: d* k& R( C  L9 t* ~
; C5 Z* [% U$ x+ S3 `
Recently OPEC reduced crude oil production twice over just a few $ k5 v9 r" G0 D! u  U+ j
months. There are three wars going on in Gaza, Iraq and Afghandistan. ; p, n/ G/ }- C1 n/ o# Y! Q
A year ago these things would have spiked the price of crude oil by at
+ ?3 z8 `' [7 B3 X* i' K( O; vleast $50.00 per barrel. Today, oil price declined by a record amount. 1 u8 M8 W7 T1 u$ |# K1 p4 b' X5 G

% X$ z6 y4 A5 ~% d; C  \+ k0 b) Z& I* Z6 ]! p
There are several reasons the price of oil is decreasing in the face
4 G; T1 b) q) Y8 H* Sof so much news. These reasons are:
& R, _' y" X# H- @1 Q  z
$ z& g; R, Y0 P
- E3 c) F0 U( Y2 n* F" n1. New oil has been found in Canada, Montana, North & South Dakota and 3 p& y2 m5 V6 _$ L! K5 s( [4 W
in the ocean near Brazil. Each of these oil fields has more oil than ! M9 v2 h6 w! c! }- ~* s# c
Arabia. 0 v6 e" l$ [% m6 r

0 m& D3 h" m2 h) g  s
) f0 M, L- t- I! D2 h9 u2. New natural gas has been found in Pennsylvania and West Virginia.   t$ f0 F: U, q5 F; l" L* B1 z) @
This is the largest find in North America. 5 @6 B* R+ i. X7 p" T2 d/ P9 Q
& S) B- a0 J8 l, G: u1 O5 a4 C

2 t7 ?! C, j8 E, f# i3. New methods of injecting CO2 and surfactants into oil wells is " B) f$ U8 \( F# L% v
being used to double their output. # V1 b$ \' ]. i- F: f

, b# i: }  v. O9 q' \. U
' j( M) F5 B0 X+ M! |( T& ?: K& {4. Production of bio-fuels is beginning to reach critical mass. Bio
# N) l' G" H# }/ s" O4 Bfuel is being produced from many plants and algae. The production
6 O! q9 |% q8 ^3 D1 v' R( t) Y7 Mpotential per acre in some cases is astounding. Many countries are 9 v% P) e& c8 m0 p( f  \5 {" B
racing to produce bio fuels.
( o5 }# n, Z% S' d1 I/ X( i
  X" n, S/ {! {* |* d+ |
) o& n' F0 v7 `- e" O. \$ R5. Virtually every restaurant in the US and all food processing plants ) a2 V8 e" v2 l
are now selling their used oil to bio-diesel producers. Every pork,
, a/ C5 ^* d  ecattle, turkey and chicken processing plant will soon sell their fat
- q0 Q1 `. {1 T  R2 g- ~8 s: ito bio-diesel producers. One pork processing plant in Oklahoma is
2 N' O" G. q  S" qproducing 30,000 gallons of bio-diesel per day from pork fat. * Z; i9 y9 g( F( Y8 h0 R2 i
$ v/ U: u, R  G) o* o

, J2 O; V. h# a/ K2 T6 u6. There are 99 nuclear reactors in various stages of planning and
7 l/ U, ^' [/ k, mconstruction around the world at this time. Several hundred more are
3 p; d) p) R7 O8 x* W% wexpected to be built in the future. Much of the energy they produce
' ^; j9 d3 E1 [& f) Ywill replace oil.
' I+ s7 r3 D4 U4 q! M; @) P* o% z3 N+ s

' }' ^2 c( ]" A5 X7. Every company in any form of transportaion business is replacing
8 y+ ~, |; }$ a9 H8 W" E; w0 w' p) polder equipment such as trucks, airplanes, train engines, ships, etc. ) D0 C+ D) U2 V- J( v  Y
with new more fuel efficient equipment. Airlines and railway companies 8 C7 R0 y# U8 n( @; {- D4 g
are experiencing 20% to 25% better fuel econony with the new
) \8 n( L2 y6 T- Q8 I, i8 l( \& oequipment. $ q/ a, Z) r, J& J

8 T( w. h) t, ^! Q3 a5 H, }: D, i( H
2 a2 {3 H  O% }Airlines are flying airplanes with bio-fuel. They are finding the bio-
6 @% X8 d! e, _3 S% Q3 d; ?; Tfuel is cleaner and performs better than jet fuel.
, [8 H% G6 t' W7 v2 j
( h, u8 ~+ I6 S  o2 G+ P
' [6 X, V5 c0 h; L8. Cities and counties throughout the US are selling the rights to 9 J- s  E: ~) m. S; T
capture methane gas from landfills. This is a huge source of gas ( |! ^- x0 m7 a& r2 J' Q
available at very little cost or risk. The gas is displacing crude
$ ?# ^3 D1 b/ b) R, ^$ L8 toil. 4 A% K4 Q- G# z" P( s0 F( E
4 N0 G. F5 V. x

1 Z0 b. T" G5 l9. Coal is being transformed into a clean burning liquid fuel. The CO2 ) }( I( W2 ?, ?$ w; c5 A
produced as a byproduct is sold to oil companies for injection into
8 G- E  |7 I! |1 voil wells. * f8 l; u6 s: ?) D

$ o  k  s% @2 B( U3 X& u5 S6 n5 b
10. Solar, wind and ocean energy is displacing oil as an energy
- R) y3 C2 d7 b9 X6 F& Osource. Three new wind turbines are being erected every day in the US.
* M: l6 `. `$ a8 j+ H/ g. ^6 O. Q: N, b" E2 {$ X% j% `7 j

2 u1 f$ u/ u9 DEach of the above by itself will not make a large difference in the ' Z. Y" N& y. `  J9 w% D
price of crude oil but the sum of all of them together is world $ N  a, Z$ `) I  ^
changing. The important thing is that OPEC no longer has the ability
0 q5 \$ _' n6 W6 b; G7 xto control oil prices.
% O+ D& S! K( W* l. t7 i" z. Z! D/ t' C

  Z0 p9 J4 i. [With the above scenario, I still believe that there are under
& w7 u/ l0 d2 j% |2 g( Y8 k' Uperformed OIL companies and probably they are yet to get the justified 8 T9 s8 j0 ^0 O9 o6 Z7 U% F
value .....
# s4 K6 f$ C8 @IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... & M2 E' L' r- K# M8 E! [) y

4 }! a* i' R6 ?! b# W% H  I
$ P1 g; h+ z* S5 wThe above articles are from WSJ .............PUBLISHED ON 9TH JAN 8 i  \- Z* E- e/ {0 W* G
2009 ... FYI-Only
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